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Code · Michigan · Chapter 125 — Planning, Housing, and Zoning

125.2261 Expiration of fund.

109 words·~1 min read·/mi/chapter-125/125-2261

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125.2261 Expiration of fund.
Sec. 31.
A fund created in section 19 expires on the date determined by the board of the Michigan early stage investment corporation that established the fund, which date must be after January 1, 2030. Any money in the fund on expiration of the fund, subject to all outstanding debts and obligation of the Michigan early stage venture investment corporation being defeased and satisfied, must be deposited in the general fund of this state.
History: 2003, Act 296 , Imd. Eff. Jan. 8, 2004 ;-- Am. 2015, Act 193 , Imd. Eff. Nov. 16, 2015 ;-- Am. 2024, Act 189 , Eff. Apr. 2, 2025
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